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Tuesday, 19 October 21
SPONGE IRON SECTOR MIGHT REPORT NEGATIVE GROWTH DUE TO COAL CRISIS: SIMA - PTI
 The domestic sponge iron industry might report a negative growth in the ongoing December quarter “if the shortage of coal is allowed to continue”, according to apex industry body SIMA.
Sponge Iron Manufacturers Association (SIMA) Executive Director Deependra Kashiva said India is expected to report a 60 per cent quarter-on-quarter (q-o-q) fall in its sponge iron output during the July-September 2021 period, amid the ongoing coal crisis.
As per the JPC data, the sponge iron production growth in April-June 2021 was 70 per cent, compared with January-March 2021. This is expected to come down by 60 per cent to a level of 10 per cent in the second quarter ended September 30, 2021, due to the coal crisis, he said without providing any figures.
“If the situation is allowed to continue…if the shortage of coal is allowed to continue then I am expecting that in Q3 (October-December), the growth will be negative,” Kashiva told PTI in a telephonic interaction.
He said the JPC data for September will be released by the next week.
The Joint Plant Committee (JPC), under the Ministry of Steel, is the only institution that collects and maintains data on the Indian steel and iron sector.
Speaking further on the situation, he said Coal India Ltd (CIL) recently announced to give coal to only thermal power plants.
“They have said that except for the power sector, we are stopping supply to all industry users, and sponge iron and cement are the two big consumers after the power sector,” the Kashiva said.
He added that the industry consumes about 40 million tonnes of coal annually and has provided three lakh direct and indirect jobs.
Sponge iron or direct reduced iron (DRI) is used in producing semi-finished steel items, ingots and billets, which are further used to make various finished steel items. Coal is a key raw material used to produce sponge iron.
“The production is coming down. The players are using the coal in their inventory…but if the situation continues, the sponge iron industry will be in trouble,” he added.
Source: Press Trust of India
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Wednesday, 22 September 21
MARKET INSIGHT - INTERMODAL
The unfolding last week of a trilateral defence pact between the United States, Australia, the United Kingdom (AUKUS) envisages a wide range of col ...
Tuesday, 21 September 21
CHINESE COAL IMPORTS FROM AUSTRALIA DROP 98.6% AS RESTRICTIONS BITE - BIMCO
In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian c ...
Tuesday, 21 September 21
CHINA'S COAL OUTPUT RESUMES GROWTH IN AUGUST - XINHUA
China’s raw coal output rose 0.8 percent year on year to 340 million tonnes last month, official data showed.
The growth rate ...
Wednesday, 15 September 21
MARKET INSIGHT - INTERMODAL
Following the oil price sell off during most of August, partly triggered by oil demand fears amid the delta COVID variant, oil prices have resumed ...
Saturday, 11 September 21
CIL STEPS UP SUPPLY COAL TO POWER SECTOR; PER-DAY AVERAGE 20 PC HIGHER THAN LAST YEAR - PTI
State-owned CIL on Friday said it has stepped up the supply of coal to the power sector in the first eight days of the current month, with an avera ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Planning Commission, India
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- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
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- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
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- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
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- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
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- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
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- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
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- Essar Steel Hazira Ltd - India
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- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
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- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- MS Steel International - UAE
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